"In short, Detroit is drifting further and further from the starter car, while factories in China are specializing in it. Just don’t expect the latter to solve for the former anytime soon."
https://archive.ph/xYi2U
There is a bit of union blaming in the article, but it is an overall good article. Basically import taxes, tariffs, and anti-Chinese political sentiment prevent us from having sub $20k EV car.
I suppose you’re right, but I would think many people would be just as interested in quality products that are a cheaper alternative, perhaps more so than watching them fail. Product hype is a thing for a reason.
I can’t speak for the domestic Chinese products as I’ve never been there.